ARRK Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015
ARRK Corporation reported consolidated earnings results for the six months ended September 30, 2014. For the period, the company has posted net sales of ¥24,723 million against ¥27,283 million a year ago. Operating income was ¥1,255 million against ¥1,675 million a year ago. Ordinary income was ¥1,186 million against ¥1,834 million a year ago. Net income was ¥984 million or ¥4.19 diluted per share against ¥2,697 million or ¥3.35 diluted per share a year ago. Income before income taxes and minority interests was ¥1,264 million against ¥2,058 million a year ago. Net cash provided by operating activities was ¥677 million against ¥1,845 million a year ago. Purchase of property, plant and equipment was ¥609 million against ¥1,099 million a year ago.
For the year ending March 31, 2015, the company expects net sales of ¥47,000 million, operating income of ¥3,200 million, ordinary income of ¥2,800 million and net income of ¥1,600 million or ¥5.88 per share.